A subsidiary of JFE Engineering of Japan has spent 900 million JPY (8.6 million USD) to acquire a 3.87 percent stake in the Binh Duong Water Environment JSC of Vietnam (Biwase)(Photo: mmbiztoday)In the online surveyconducted by Japanese staffing firm Pasona Group Inc. last December, 57 percentof Japanese companies in Vietnam and 55 percent in India said they will expandoperations in the host countries, compared with the average of 39 percent amongall 11 countries and territories polled.
Of the 818 companiespolled, 67 percent said they plan to keep the current level of their bases andoperations in the 11 economies.
Twenty percent saidthey plan to add and strengthen functions of their bases as regionalheadquarters, partly due to difficulties in making business trips to and fromhead offices in Japan amid the COVID-19 pandemic, the survey said.
According to thesurvey, 30 percent of Japanese companies in Thailand, 28 percent in Malaysiaand 22 percent in Hong Kong (China) said they have downsized posted staff orplan to do so within the next three months.
The growing trend ofremote work brought on by the pandemic coupled with high real estate prices hasalso encouraged firms to downscale offices, with at least 15 percent in HongKong, Singapore and Indonesia saying they have or plan to do so.
Meanwhile, 43 percentof respondents in Vietnam said they have expanded offices or plan to do so.
The economies coveredby the survey are the US, Canada, Hong Kong and Taiwan, the Republic of Korea, Thailand,Vietnam, Malaysia, Singapore, Indonesia and India./.
VNA
